Shares of CEVA, Inc. (NASDAQ:CEVA) have been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $34.17.

A number of brokerages recently issued reports on CEVA. Northland Securities reaffirmed a “hold” rating and set a $27.00 target price on shares of CEVA in a research report on Thursday. Exane BNP Paribas downgraded shares of CEVA from an “outperform” rating to a “neutral” rating in a research note on Wednesday. BNP Paribas restated a “neutral” rating on shares of CEVA in a research note on Wednesday. BidaskClub upgraded shares of CEVA from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Finally, Cowen reduced their target price on shares of CEVA from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, February 14th.

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CEVA traded down $0.70 during midday trading on Tuesday, hitting $23.30. 328,387 shares of the company’s stock traded hands, compared to its average volume of 163,313. The firm has a market cap of $511.97 million, a PE ratio of 211.82 and a beta of 1.74. CEVA has a one year low of $20.40 and a one year high of $36.80.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Wednesday, February 13th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. CEVA had a net margin of 0.74% and a return on equity of 1.00%. The firm had revenue of $21.40 million for the quarter, compared to analyst estimates of $22.07 million. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts expect that CEVA will post -0.08 EPS for the current year.

In other news, EVP Issachar Ohana sold 6,670 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.00, for a total value of $186,760.00. Following the sale, the executive vice president now owns 34,616 shares in the company, valued at approximately $969,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC lifted its position in CEVA by 43.6% during the 4th quarter. Penserra Capital Management LLC now owns 1,761 shares of the semiconductor company’s stock worth $38,000 after buying an additional 535 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in CEVA during the 4th quarter worth about $138,000. Metropolitan Life Insurance Co. NY lifted its position in CEVA by 371.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,928 shares of the semiconductor company’s stock worth $153,000 after buying an additional 5,460 shares in the last quarter. Van ECK Associates Corp lifted its position in CEVA by 18.7% during the 4th quarter. Van ECK Associates Corp now owns 8,100 shares of the semiconductor company’s stock worth $179,000 after buying an additional 1,277 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in CEVA during the 4th quarter worth about $184,000. Institutional investors and hedge funds own 88.58% of the company’s stock.

CEVA Company Profile

CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide. The company licenses a family of signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.